vs
Side-by-side financial comparison of Diversified Energy Co (DEC) and dLocal Ltd (DLO). Click either name above to swap in a different company.
Diversified Energy Co is the larger business by last-quarter revenue ($666.5M vs $337.9M, roughly 2.0× dLocal Ltd). Diversified Energy Co runs the higher net margin — 29.3% vs 16.5%, a 12.9% gap on every dollar of revenue. Diversified Energy Co produced more free cash flow last quarter ($280.0M vs $99.8M).
DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services in the United States and Canada. Its operating units include an electric utility serving 2.2 million customers and a natural gas utility serving 1.3 million customers in Michigan.
dLocal Limited is a Uruguayan financial technology company. It provides cross-border payments connecting global merchants to emerging markets.
DEC vs DLO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $666.5M | $337.9M |
| Net Profit | $195.5M | $55.6M |
| Gross Margin | — | 34.3% |
| Operating Margin | 37.6% | 18.6% |
| Net Margin | 29.3% | 16.5% |
| Revenue YoY | — | 65.2% |
| Net Profit YoY | — | 87.3% |
| EPS (diluted) | — | $0.18 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $666.5M | $337.9M | ||
| Q3 25 | $499.8M | $282.5M | ||
| Q2 25 | $600.3M | — | ||
| Q4 24 | — | $204.5M | ||
| Q3 24 | — | $185.8M |
| Q4 25 | $195.5M | $55.6M | ||
| Q3 25 | $171.1M | $141.3M | ||
| Q2 25 | $297.7M | — | ||
| Q4 24 | — | $29.7M | ||
| Q3 24 | — | $90.8M |
| Q4 25 | — | 34.3% | ||
| Q3 25 | — | 36.5% | ||
| Q2 25 | 44.7% | — | ||
| Q4 24 | — | 40.9% | ||
| Q3 24 | — | 42.1% |
| Q4 25 | 37.6% | 18.6% | ||
| Q3 25 | 36.2% | 19.7% | ||
| Q2 25 | 48.5% | — | ||
| Q4 24 | — | 20.7% | ||
| Q3 24 | — | 22.1% |
| Q4 25 | 29.3% | 16.5% | ||
| Q3 25 | 34.2% | 50.0% | ||
| Q2 25 | 49.6% | — | ||
| Q4 24 | — | 14.5% | ||
| Q3 24 | — | 48.9% |
| Q4 25 | — | $0.18 | ||
| Q3 25 | $2.14 | $0.17 | ||
| Q2 25 | $3.67 | — | ||
| Q4 24 | — | $0.09 | ||
| Q3 24 | — | $0.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.7M | $719.9M |
| Total DebtLower is stronger | $2.7B | $86.7M |
| Stockholders' EquityBook value | $984.1M | $569.4M |
| Total Assets | $6.2B | $1.5B |
| Debt / EquityLower = less leverage | 2.76× | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.7M | $719.9M | ||
| Q3 25 | — | $604.5M | ||
| Q2 25 | $23.7M | — | ||
| Q4 24 | — | $425.2M | ||
| Q3 24 | — | $560.5M |
| Q4 25 | $2.7B | $86.7M | ||
| Q3 25 | — | $63.1M | ||
| Q2 25 | — | — | ||
| Q4 24 | — | $39.8M | ||
| Q3 24 | — | — |
| Q4 25 | $984.1M | $569.4M | ||
| Q3 25 | — | $504.7M | ||
| Q2 25 | $727.7M | — | ||
| Q4 24 | — | $489.0M | ||
| Q3 24 | — | $457.0M |
| Q4 25 | $6.2B | $1.5B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | $5.7B | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — |
| Q4 25 | 2.76× | 0.15× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | — | ||
| Q4 24 | — | 0.08× | ||
| Q3 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $464.6M | $100.4M |
| Free Cash FlowOCF − Capex | $280.0M | $99.8M |
| FCF MarginFCF / Revenue | 42.0% | 29.5% |
| Capex IntensityCapex / Revenue | 27.7% | 0.2% |
| Cash ConversionOCF / Net Profit | 2.38× | 1.80× |
| TTM Free Cash FlowTrailing 4 quarters | — | $378.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $464.6M | $100.4M | ||
| Q3 25 | — | $315.0M | ||
| Q2 25 | $264.1M | — | ||
| Q4 24 | — | $-141.1M | ||
| Q3 24 | — | $108.3M |
| Q4 25 | $280.0M | $99.8M | ||
| Q3 25 | — | $313.4M | ||
| Q2 25 | — | — | ||
| Q4 24 | — | $-141.6M | ||
| Q3 24 | — | $107.1M |
| Q4 25 | 42.0% | 29.5% | ||
| Q3 25 | — | 110.9% | ||
| Q2 25 | — | — | ||
| Q4 24 | — | -69.2% | ||
| Q3 24 | — | 57.6% |
| Q4 25 | 27.7% | 0.2% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | — | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.7% |
| Q4 25 | 2.38× | 1.80× | ||
| Q3 25 | — | 2.23× | ||
| Q2 25 | 0.89× | — | ||
| Q4 24 | — | -4.75× | ||
| Q3 24 | — | 1.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
